Shipping Lines, Logistics Report Success

At a press briefing at its headquarters on October 15, 2015, the Enterprise announced the price cut for container rent

Ethiopian Shipping Lines & Logistics Services Enterprise (ESLSE) reported a successful 2014/15 fiscal year when it transported more containers than it had planned. It also announced that it reduced rent charged for containers starting on October 12, 2015.
The Enterprise used own and rented vessels last year to carry 142,724 twenty-foot equivalent unit (TEU) containers, up from the 137,823 it had planned. The previous year it had carried 129,628 containers. Its use of loading and off-loading sites for both import and export items was also 46pc for the Europe and Africa route, 81.1pc for the China and Far East route, 66.2% for the Middle East and India route, which it called a successful achievement.
“The number of ESLSE destination ports has also increased from 230 to 260,” said Alemu Ambaye, chief engineer and vice CEO of shipping service sector of the Enterprise. ESLSE has also transported 22,207 vehicles, up from the previous year by six per cent, although it was down from the 26,444 it had planned.
In other cargo, the ESLSE had also carried 467,628tn of break bulk, 123pc of its plan for 576,675. It also transported 374,509tn of metal, although its plan was 374,509tn.
At a press briefing at its headquarters on October 15, 2015, the Enterprise announced the price cut for container rent, saying that there was a downward trend in the market and prices of containers had dropped, said Alemu.
The price reduction included 14pc for the 40ft container and 13pc for the 20ft, the rate applying for six month period following the announcement.
“We have made 40pc discount over the past four consecutive years,” he declared.